| Schedule of Amounts Due from Independent Operators |
Amounts due from IOs and the related allowances as of March 30, 2024 and December 30, 2023 consisted of the following (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance | | | | Current Portion | | Long-term Portion | | Gross | | Current Portion | | Long-term Portion | | Net | | | | March 30, 2024 | | | | | | | | | | | | | Independent operator notes | $ | 41,276 | | | $ | (713) | | | $ | (10,665) | | | $ | 29,898 | | | $ | 1,662 | | | $ | 28,236 | | | Independent operator receivables | 16,314 | | | (4,031) | | | (598) | | | 11,685 | | | 11,685 | | | — | | | Total | $ | 57,590 | | | $ | (4,744) | | | $ | (11,263) | | | $ | 41,583 | | | $ | 13,347 | | | $ | 28,236 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Allowance | | | | Current Portion | | Long-term Portion | | Gross | | Current Portion | | Long-term Portion | | Net | | | | December 30, 2023 | | | | | | | | | | | | | Independent operator notes | $ | 41,123 | | | $ | (754) | | | $ | (10,435) | | | $ | 29,934 | | | $ | 1,800 | | | $ | 28,134 | | | Independent operator receivables | 18,105 | | | (4,338) | | | (624) | | | 13,143 | | | 13,143 | | | — | | | Total | $ | 59,228 | | | $ | (5,092) | | | $ | (11,059) | | | $ | 43,077 | | | $ | 14,943 | | | $ | 28,134 | |
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| Schedule of Allowance for Credit Loss Activity |
A summary of activity in the IO notes and IO receivables allowance was as follows (amounts in thousands): | | | | | | | | | | | | | | | | | 13 Weeks Ended | | | | March 30,
2024 | | April 1,
2023 | | | | | | Beginning balance | $ | 16,151 | | | $ | 14,747 | | | | | | | Provision for IO notes and IO receivables reserves | 553 | | | 1,348 | | | | | | | | | | | | | | | Write-off of uncollectible for IO notes and IO receivables | (697) | | | (138) | | | | | | | Ending Balance | $ | 16,007 | | | $ | 15,957 | | | | | |
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| Schedule of Independent Operator Notes by Credit Quality Indicators and Year of Origination |
The following table presents the outstanding gross balance of IO notes by fiscal year of origination and credit quality indicator as of March 30, 2024 (amounts in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal Year of Origination | | | | Credit Quality Indicator | 2024 (YTD) | | 2023 | | 2022 | | 2021 | | 2020 | | Prior | | Total | | TCAP | $ | 541 | | | $ | 3,356 | | | $ | 6,979 | | | $ | 3,383 | | | $ | 1,875 | | | $ | 1,392 | | | $ | 17,526 | | | Non-TCAP | 831 | | | 3,828 | | | 3,542 | | | 3,478 | | | 2,276 | | | 2,460 | | | 16,415 | | | New store | 1,381 | | | 4,637 | | | 1,317 | | | — | | | — | | | — | | | 7,335 | | | Total | $ | 2,753 | | | $ | 11,821 | | | $ | 11,838 | | | $ | 6,861 | | | $ | 4,151 | | | $ | 3,852 | | | $ | 41,276 | |
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